Examples of Indemnifying Shareholders in a sentence
The respective interests of the Indemnifying Shareholders in the Escrow Shares shall not be assignable or transferable, other than by operation of law.
The Indemnifying Shareholders have agreed in Article V of the Merger Agreement to indemnify and hold harmless the Indemnified Parties from and against specified Damages.
The Escrow Shares shall be security for such indemnity obligation of the Indemnifying Shareholders, subject to the limitations, and in the manner provided, in this Agreement.
Any securities distributable to the Indemnifying Shareholders in respect of or in exchange for any of the Escrow Shares, whether by way of stock dividends, stock splits or otherwise, shall be delivered to the Escrow Agent, who shall hold such securities in the Escrow Account.
Any cash dividends distributable to the Indemnifying Shareholders in respect of the Escrow Shares shall be distributed to the Indemnifying Shareholders.